From CNET: Some merchants who use PayPal can start accepting bitcoin, thanks to a partnership between the online payments company and several crypto-currency processors.
PayPal announced the partnerships Tuesday, signaling a measured approach to adopting bitcoin, a digital currency that has grown in popularity over the last few years.
By partnering with payment processors BitPay, Coinbase and GoCoin, PayPal won't have to take on the risk of processing the payments. The company is also limiting the purchases to digital goods.
"PayPal has always embraced innovation, but always in ways that make payments safer and more reliable for our customers. Our approach to Bitcoin is no different," Scott Ellison, senior director of corporate strategy, wrote in a blog post. "That's why we're proceeding gradually, supporting Bitcoin in some ways today and holding off on other ways until we see how things develop."
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